The Japanese yen strengthened against the other major currencies in the Asian session on Wednesday.
The yen rose to 2-day highs of 146.43 against the euro and 121.76 against the Swiss franc, from yesterday's closing quotes of 146.83 and 122.07, respectively.
Against the pound and the U.S. dollar, the yen edged up to 186.60 and 120.27 from yesterday's closing quotes of 187.24 and 120.66, respectively.
If the yen extends its uptrend, it is likely to find resistance around 144.89 against the euro, 182.83 against the pound, 120.28 against the Swiss franc and 118.54 against the U.S. dollar.
The material has been provided by InstaForex Company – www.instaforex.com